analyzeportfolio
NYSE · Industrials

Dream Finders Homes, Inc. (DFH)

As-reported financials and SEC filings for Dream Finders Homes, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Dream Finders Homes, Inc.

Dream Finders Homes, Inc. designs, builds, and sells single-family homes in high-growth markets across the United States. The company offers homes for entry-level buyers, move-up buyers, active adults, and investors through built-for-rent contracts. It also provides financial services including mortgage banking, title insurance, and homeowners insurance primarily through its subsidiaries Jet HomeLoans, DF Title, and Alliant Title.

Snapshot

Revenue
$4.32B
Revenue growth (YoY)
-2.9%
Net income
$217.2M
Diluted EPS
$2.14
Gross margin
Operating margin
Net margin
5.0%
FCF margin
-2.9%
ROE
net income / fiscal-year-end equity
P/E
9.9×
trailing when available, otherwise FY EPS
Market cap
$1.24B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Dream Finders Homes

  • Revenue fell 2.9% to $4.3B in FY2025, slower than the 18.7% the year before.
  • Most recent quarter Q2 FY2026: revenue $1.1B, down 7.6% from Q2 FY2025.
  • Free cash flow was negative $126M in FY2025.
  • Net income fell 35.2% to $217M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Dream Finders Homes’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin5.0%
57th percentile of 645
FCF margin-2.9%
21st percentile of 562
Revenue growth (YoY)-2.9%
26th percentile of 668
P/E9.9×
13th percentile of 434
Short interest7.83d
92nd percentile of 676

Dream Finders Homes’s P/E of 9.9 ranks in the 13th percentile of the 434 peers with a meaningful P/E.

6 reported insider purchases (code P) totaling $1.3M in the last 90 days, against 9 sales totaling $6.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$18.1M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$7.9M457.3KAdded
AQR Capital ManagementquantQ2 2026$4.9M282.9KAdded
Citadel AdvisorsquantQ2 2026$2.5M147.5KAdded
D. E. ShawquantQ2 2026$1.4M78.2KAdded
Millennium ManagementquantQ2 2026$1.1M62.0KReduced
Two Sigma InvestmentsquantQ2 2026$348,66920.2KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
6
2 insiders
Bought (90d)
$1.3M
code P value
Sells (90d)
9
$6.9M
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-27
Sturm LenDirectorBuy1.0K$14.72$15K
2026-08-24
Sturm LenDirectorBuy250$14.75$4K
2026-08-21
filed 2026-08-24
Sturm LenDirectorBuy250$14.81$4K
2026-08-13
BECKWITT RICHARDDirectorBuy12.0K$14.80$178K
2026-08-12
filed 2026-08-13
BECKWITT RICHARDDirectorBuy8.0K$13.83$111K
2026-08-11
filed 2026-08-13
BECKWITT RICHARDDirectorBuy70.0K$13.95$977K
2026-06-24
filed 2026-06-26
Lovett William Radford II10% ownerSell54.1K$16.70$904K
2026-06-24
filed 2026-06-26
Lovett William Radford II10% ownerSell2.5K$16.00$39K
2026-06-22
filed 2026-06-24
Lovett William Radford II10% ownerSell22.0K$15.00$329K
2026-06-18
filed 2026-06-22
Lovett William Radford II10% ownerSell85.1K$15.52$1.3M
2026-06-17
filed 2026-06-22
Lovett William Radford II10% ownerSell45.5K$15.21$693K
2026-06-16
filed 2026-06-17
Lovett William Radford II10% ownerSell50.3K$14.99$753K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.4M
settled 2026-08-14
Change vs prior
+0.0%
vs previous settlement
Days to cover
7.83
at avg daily volume
Avg daily volume
820.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.4M+0.0%7.83
2026-07-316.4M+5.5%10.75
2026-07-156.1M-9.1%10.08
2026-06-306.7M-5.5%8.28
2026-06-157.1M+6.3%12.12
2026-05-296.7M+2.8%8.83
2026-05-156.5M+27.3%5.92
2026-04-305.1M+1.4%9.04

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.32B$4.45B$3.75B$3.34B$1.92B
Gross profit$736.8M$620.2M$313.6M
Operating income
Net income$217.2M$335.3M$295.9M$262.3M$121.1M
Diluted EPS$2.14$3.34$2.79$2.45$1.27

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$234.8M$274.4M$494.1M$364.5M$227.2M
Current assets
Total assets$3.73B$3.33B$2.56B$2.37B$1.89B
Current liabilities
Long-term debt$1.61B$1.29B$3.3M
Total liabilities$2.12B$1.91B$1.48B$1.57B$1.34B
Total equity$1.43B$1.25B$937.6M$644.6M$401.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-100.6M$-256.6M$374.2M$-27.6M$65.0M
Capital expenditure$25.8M$25.3M$4.8M$5.5M$2.8M
Free cash flow$-126.4M$-282.0M$369.5M$-33.2M$62.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.06B-7.6%$27.7M$0.27
Q1 FY2026$887.8M-10.3%$13.3M$0.11
Q4 FY2025$1.21B-22.3%$58.7M$0.58
Q3 FY2025$969.8M-3.6%$47.0M$0.47
Q2 FY2025$1.15B9.0%$56.6M$0.56
Q1 FY2025$989.9M19.6%$54.9M$0.54
Q4 FY2024$1.56B37.1%$129.3M$1.28
Q3 FY2024$1.01B12.3%$70.7M$0.70

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryOperative Builders
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1825088

Selected SEC filings

10-K/A2026-07-30
View on EDGAR →
10-K2026-02-24
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
8-K2026-08-21
View on EDGAR →
8-K2026-08-18
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-08-07
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.